Forex Daily Technical Overview 24 Nov 2017
GBP/USD Intraday: intraday support around 1.3280
Pivot: 1.3280
Our preference: long positions above 1.3280 with targets at 1.3315 and 1.3335 in extension.
Alternative scenario: below 1.3280 look for further downside with 1.3255 and 1.3220 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1.3375
1.3335
1.3315
1.3300 Last
1.3280
1.3255
1.3220
USD/JPY Intraday: under pressure
Pivot: 111.65
Our preference: short positions below 111.65 with targets at 111.05 and 110.65 in extension.
Alternative scenario: above 111.65 look for further upside with 111.95 and 112.40 as targets.
Comment: the upward potential is likely to be limited by the resistance at 111.65.
Supports and resistances:
112.40
111.95
111.65
111.35 Last
111.05
110.65
110.25
EUR/USD Intraday: intraday support around 1.1825
Pivot: 1.1825
Our preference: long positions above 1.1825 with targets at 1.1860 and 1.1880 in extension.
Alternative scenario: below 1.1825 look for further downside with 1.1800 and 1.1770 as targets.
Comment: technically the RSI is above its neutrality area at 50.
Supports and resistances:
1.1910
1.1880
1.1860
1.1846 Last
1.1825
1.1800
1.1770
AUD/USD Intraday: intraday support around 0.7600
Pivot: 0.7600
Our preference: long positions above 0.7600 with targets at 0.7640 and 0.7660 in extension.
Alternative scenario: below 0.7600 look for further downside with 0.7575 and 0.7555 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
0.7680 ***
0.7660 **
0.7640 ***
0.7625 Last
0.7600 ***
0.7575 **
0.7555 ***
Crude Oil WTI (F8) Intraday: further upside
Pivot: 58.15
Our preference: long positions above 58.15 with targets at 59.00 and 59.40 in extension.
Alternative scenario: below 58.15 look for further downside with 57.80 and 57.30 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
60.00
59.40
59.00
58.61 Last
58.15
57.80
57.30
Gold spot Intraday: bullish bias above 1286.00
Pivot: 1286.00
Our preference: long positions above 1286.00 with targets at 1297.00 and 1300.00 in extension.
Alternative scenario: below 1286.00 look for further downside with 1279.00 and 1276.00 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
1303.50
1300.00
1297.00
1291.00 Last
1286.00
1279.00
1276.00